The Investment Provider Xchange (“IPX”), an innovative solutions provider for retirement plan professionals, plan sponsors and participants in the 403(b) and 457(b) space, today announced the addition of key executive staff and sales team members. Kevin Loffredi joins as Chief Product Officer and Michael Schaeffer joins as Director of Sales. In addition, Rick Moser expands his role as Vice President and Relationship Manager.
Loffredi started with IPX in December 2019 after most recently serving as a Vice President at Morningstar, Inc., where he was responsible for annuity research tools and working with custom web-based solutions for their partners. He will work closely with James Olson, Managing Director and IPX Platform Architect.
“2019 was a strong year for the IPX platform, as we successfully integrated with more financial services and employee benefits professionals and helped streamline their 403(b)/457(b) offerings,” said Olson. “We’re excited to extend and exceed this growth in 2020 and expanding our team is a vital component of that. Kevin’s experience in managing projects targeting integration with insurance carriers has already proven a valuable asset to the IPX Platform.”
“IPX is an investment-agnostic platform for the 403(b)/457(b) marketplace that provides web-based portals for investors and other interested parties to seamlessly interact with and manage their accounts,” said Loffredi. “And with recent additions to the IPX sales team, I expect we will remain plenty busy in 2020.”
In addition to Loffredi’s appointment, IPX added Schaeffer to drive continued growth of the platform. Schaeffer joins a growing IPX sales team that includes Troy Dryer and Darlene Dailey, who each joined IPX in 2018 with more than 20 years of experience consulting and selling in the governmental plan market. Schaeffer, who was most recently with AXA Distributors, LLC, brings more than 30 years of experience in the retirement plan industry. As a Vice Present and Director of Sales, he will introduce IPX to potential product and distribution partners as well as consultants.
“I’ve already seen where sponsors and their consultants are taking notice of IPX and realizing the benefit of offering a platform that makes participant support possible through compliance and control of products and distribution partners,” Schaeffer noted. “I am excited to join the IPX team and look forward to expanding our message to a welcoming variety of audiences.”
As the firm supports onboarding a growing list of new customers, IPX has expanded the responsibilities of a key team member, transitioning Moser to a relationship management role. In his capacity as a Vice President and Relationship Manager, Moser will work closely with the IPX sales team onboarding plans and their approved distributors/advisors. He has more than 20 years of experience in the retirement plan services industry and, prior to joining IPX in 2015, held various sales positions with Fiserv Trust, PCS Retirement and Aspire Financial Services.
“We are focused on enhancing IPX’s growth momentum into 2020 and beyond,” said Jamie DeRubertis, Chief Revenue Officer at IPX. “Adding Kevin and Michael, while focusing Rick on his new role, will allow us to continue and even enhance the momentum IPX built up through 2019. Kevin, Michael and Rick are experts in our space and we look forward to their contributions supporting our ongoing growth.”
About IPX and FPS Group, LLC
FPS Group, LLC operates out of Centennial, CO. Its flagship offering is the Investment Provider Xchange (“IPX”), which is a single-source, end-to-end solution for providers in the 403(b) and 457(b) plan markets, offering the benefits of a multiple-provider approach with the simplicity of a single provider. IPX combines a technology platform for fund trading, recordkeeping and online account access with a custom plan design and third-party administrator support. Features include transaction processing for contributions, distributions and participant loans, aggregated participant data accessed via an award-winning, robust web portal and the ability to access mutual funds and annuities on one platform. Custodial services are offered via FPS Trust Company, LLC, a non-depository Colorado trust company. For more information, please visit www.ipxplatform.com.